Revolt Intellicorp Introduces Monthly Payment Plan To Make EVs Accessible

Micromax cofounder Rahul Sharma’s startup Revolt Intellicorp has taken a step towards its goal of making electric vehicle accessible to the masses by introducing two new models, RV300 and RV400, with attractive purchase plans.

Revolt Intellicorp said that it is offering Motorcycle as a Service, under which it offers ownership of the motorcycle with no lease and no rental plan. Under the My Revolt Plan, users can own the RV300 at INR 2,999 per month and RV400 at INR 3,499 per month and INR 3,999 per month, depending on the plan.

My Revolt Plan comes with an unlimited battery warranty of 8 years or upto 1.5L kms. RV400 additionally comes with free maintenance benefits (3years, 30,000kms), product warranty (5 years, 75,000 kms) and insurance (1-year company owned, 5 years third-party).

AI-Enabled Electric Vehicle RV400 Features

• Powered by a 3.24 KWh Lithium Ion battery that generates 72V of power
• Comes with a maximum range of 150 kms on a single charge giving it a top speed of 85 km/hr
• It comes with a CBS braking system (Front Disc – 240 mm/ Rear Disc – 240mm) and an adjustable monoshock
• The Revolt RV400 has a ground clearance of 215 mm
• It will be fully charged in 4.5 hours
• RV 400 comes equipped with a fully digital instrument cluster, 4G connectivity and an LED headlamp

As part of the accessories package, Revolt will offer a connected helmet in partnership with Google, that allows you to start the bike using a voice command- “Revolt Start.”

Sharma, said, “The RV400 and RV300 reflect our passion and commitment to bring sustainable, affordable mobility to every Indian home and My Revolt Plan is a testimony to this promise of making EVs accessible to the masses. We are starting with Delhi and Pune; and will eventually move to the rest of the country as we believe that our product has the credentials to transform the way two-wheelers are looked at.”

The customers who orders RV400 during the launch in June, will start receiving the delivery in September 2019 for the first batch in Delhi. The company has set up four Revolt Hubs in Delhi located at Preet Vihar, Safdarjung Enclave, Dwarka and Gujranwala Town.

The RV400 will be launched in Pune next month, followed by Bengaluru, Hyderabad, Nagpur, Ahmedabad and Chennai in the next 4 months.

In April 2019, Sharma has announced the launch of Revolt Intellicorp with a personal investment of about INR 400-500 Cr. The Gurugram-based company has a manufacturing facility in Manesar, Haryana. The facility boasts a production capacity of 120K vehicles commissioned for Phase 1.

At that time, Sharma had said that the company is targeting double-digit market share in the automobile industry and not just the electric vehicles segment. Sharma also shared that the company has a slew of products lined up for a launch to disrupt the segment.

India is the second-largest motorcycle market in the world, with sales dominated by basic commuters. More than 20 Mn two-wheelers were sold to domestic customers in 2017 – 18, making it the most popular vehicle category sold in India. Sharma said that he expects the electric vehicle market to change in the next three years.

During the union budget 2019, finance minister Nirmala Sitharaman said that the government is aiming to make India a global hub of electric vehicle manufacturing.

In addition to the push for native EV manufacturing, the finance minister also proposed additional income tax deductions of INR 1.5 Lakh on the interest amount for electric vehicle loans. This should make EVs more attractive for the average consumer. Moreover, Sitharamanalso noted that the government has moved the GST council to reduce the tax in EVs to 5% from the existing 12%.

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